Mighty Craft sells 7.5% of Better Beer

This transaction involves Mighty Craft selling 7.5% of Better Beer shares to PURE for approximately $6.1 million, resulting in debt reduction and termination of the Royalty Deed obligations.

Mighty Craft Limited has agreed to buy out its senior debt provider, PURE Asset Management’s, royalty rights in exchange for a portion of its shareholding in Better Beer Holdings.

This transaction involves Mighty Craft selling 7.5% of Better Beer shares to PURE for approximately $6.1 million, resulting in debt reduction and termination of the Royalty Deed obligations.

The move aligns the interests of Mighty Craft, PURE, and Better Beer towards a potential merger, with all stakeholders working constructively towards this outcome.

ASX Code : MCL